So there’s been a lot of talk lately about Microstrategy’s seemingly almost constant buys of Bitcoin almost every single day. There’s also been quite a lot of chatter recently about some other hardware companies, (Marvel Technologies, MARA, etc.) getting involved. We also have things like “Coinbase” that is frequently linked to Bitcoin as well.

I thought I would do some coding to see how correlated these stock tickers are with Bitcoin. But before that I wrote some code to see how correlated the Dow Jones and NASDAQ were with BTC-USD. Do our “normal” markets just follow what Bitcoin’s up to …? Here’s an exploratory Jupyter Notebook with some analysis:

If we wanted a plot of all these exchanges vs. the top ten crypto—here we go:

dow_nasdaq_vs_top_ten_crypto

Repo containing this and other code related to the markets is available here.